Summary
⋆An updated version of this forecast report will be released every quarter
-According to a report by GlobalData as of Q2 2024, global light vehicle production in 2024 is estimated to increase by 0.3% y/y to 91.3 million units.
-Q1 2024 LV output was a little weaker than expected - in part due to operational disruptions in Japan and Korea. Despite some offset from stronger LV output expectations in Russia, we have cut the full-year 2024 global LV production forecast by 390k from the previous forecast.
-By manufacturer, BYD will overtake Honda to become the world's eighth largest automaker in 2026, as well as Geely, which will pass Suzuki into tenth place in 2025.
Local Reconstruction Note
This article has been expanded from the visible local mirror text, headings, tags, image captions, tables, and related local article titles. It is presented as a reconstructed reading version, not as a hidden original document.
Commentary by GlobalData
The source outline identifies this section as part of “Global Top 10 OEMs Production Forecast (Q2 2024)”. Based on the available local metadata, this section should be read through the lens of GlobalData, Production Forecast, Market Forecast, Vehicles & OEMs, Automotive, Suppliers and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Smart Energy Week 2026: Batteries and Charging; Electrified Vehicle (xEV) Sales Monthly Report (March 2026); Mobile World Congress 2026 (3) Evolution of Connected and Autonomous Mobility; Smart Energy Week 2026: FCVs, Fuel Cell Units, Hydrogen-related Products. These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.